Optimize your Talent with a Managed Services Provider
Increase cost savings, compliance, and contingent candidate quality with Hire Velocity’s managed services provider solutions.
Ready to fill skills gaps and future-proof your workforce cost-effectively?
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What Is a Managed Services Provider (MSP)?
A managed services provider (MSP) is a third-party firm that manages an organization’s recruitment processes, typically on a contractual basis. These companies provide end-to-end workforce management solutions and oversee sourcing, screening, and placing candidates, managing vendor relationships, and ensuring compliance with recruitment policies.
Outsourcing these functions to an MSP allows organizations to streamline their hiring process, improve efficiency, and reduce costs. Managed services providers leverage technology and data-driven insights to enhance recruitment strategies, providing organizations access to top-tier talent while relieving the administrative burden of in-house hiring efforts.
Why Choose a Managed Services Provider?
There are more than 50 million contingent employees in the US, accounting for 35% of the workforce. Employers neglecting to tap into this vast talent pool could miss immense opportunities to overcome staffing shortages and boost bottom lines. However, compliance and cost concerns keep many organizations from taking the plunge.
Collaborating with a managed services provider, like Hire Velocity, can immediately alleviate these apprehensions and help employers quickly obtain the needed expertise.
Some of the top benefits of partnering with an MSP are:
Enhanced Spend Management
Broad Talent Pool Access
Intelligent Reporting & Analytics
Precise Forecasting
Dedicated Teams
MSP Benefits
Hire Velocity’s workforce management solutions help organizations overcome the talent crisis by securing top-shelf contingent labor compliantly and cost-effectively. Some of the top benefits of our MSP services are:
- Greater access to top talent
- End-to-end workforce management
- Dedicated support
- Direct sourcing
- Supplier satisfaction and management
- Enhanced compliance and governance
- Improved cost savings, agility, and visibility
- Access to state-of-the-art vendor management system and reporting technology
- Scalable, flexible staffing solutions
Partnering to Deliver Vendor Management System (VMS) Solutions
Hire Velocity partners with a VMS technology provider to offer clients a vendor management system that helps them better oversee their contingent workforce. This cloud-based software system enables employers to identify, manage, and share information about their contract employees from a centralized platform.
Vendor management systems support the entire lifecycle of a contingent employee. Effortlessly find talent that aligns with your needs, negotiate contracts, generate invoices, track spending, generate reports, and onboard and offboard contingent workers from one intuitive system.
Among the many benefits of using a VMS include:
- A holistic overview of your contingent talent program
- Greater spending visibility and control
- Ensures complete compliance
- Reduces operational costs
- Valuable insights via reporting and analytics
MSP vs. VMS: What’s the Difference?
A managed services provider (MSP) and vendor management system (VMS) are both effective methods for finding and managing independent workers. However, they are not one and the same.
A managed services provider is a third-party firm that oversees a company’s recruitment processes, handling tasks like candidate sourcing and vetting. A vendor management system is software that helps organizations manage the lifecycle of their contingent workforce, including sourcing, onboarding, and invoicing.
Merging these solutions delivers significant value to employers. Using a managed services provider and VMS in tandem allows organizations to:
Combine technology and expertise for optimal hiring results and insights
Best-in-Class Technology
Hire Velocity by the Numbers
new employees placed and hired by clients in the last 12 months
job boards utilized for candidate attraction
days average time-to-fill for RPO engagements
Our MSP Models
When you choose Hire Velocity as your managed services provider, we will take on the ongoing, daily responsibilities of finding, hiring, managing, and monitoring your contingent workforce.
We use a time-tested process to tailor our MSP solutions to your specific needs and pain points and deliver optimal results:
Master Supplier Model
Vendor Neutral Model
Hybrid Model
Our MSP Solutions Process
When you choose Hire Velocity as your managed services provider, we will take on the ongoing, daily responsibilities of finding, hiring, managing, and monitoring your contingent workforce.
We use a time-tested process to tailor our MSP solutions to your specific needs and pain points and deliver optimal results:
Service Strategy
We will develop a deep understanding of your organization’s goals, preferences, and vision to ensure our solutions align with your objectives and budget.
Service Design
Service Transition
Service Implementation
A Full-Service Talent Acquisition and Professional Search Firm
At Hire Velocity, we specialize in providing top-tier talent strategy and recruitment process outsourcing services designed to transform your business. With our expertise in talent acquisition strategy, we help you find exceptional individuals who can steer your company toward long-term sustainable success. See what we offer.
Recruitment Process Outsourcing (RPO)
Custom recruiting strategy and soutions to attract and hire quality employees.
Our RPO services provide a scalable and flexible solution for your recruiting needs. We can manage the entire recruitment lifecycle or simply a portion of it. Our services include everything from sourcing and screening to onboarding and beyond. These services ensure you can focus on your core business activities.
Professional Search
Solutions that identify exceptional talent and align with your objectives and goals.
For specialized or executive-level positions, our professional search services deliver targeted results. We utilize advanced search techniques and industry knowledge. That's how we find candidates who meet the job requirements and fit seamlessly into your company culture.
Talent Advisory
Marketing services that reinforce employer brand while attracting top talent.
Our talent advisory services offer strategic insights and guidance. Together we'll work to optimize your recruiting processes. We help you develop a talent acquisition strategy that aligns with your business goals and ensures long-term success.
Managed Service Provider (MSP)
Recruitment process management by a third-party firm.
We streamline the hiring process by leveraging specialized expertise and technology to identify top talent efficiently. This reduces the administrative burden on engineering teams, allowing you to focus on core projects and innovation.
Why Choose Hire Velocity?
With over 20 years of experience, Hire Velocity has positioned itself as one of the country’s most valuable and reliable MSP and RPO firms. Employers across diverse industries entrust their recruitment and retention needs to us.
Our award-winning solutions are tailored to each client, ensuring the best possible outcomes. Hire Velocity’s MSP services scale with you, providing the flexibility you need as your hiring goals change.
Additionally, our deep expertise in human capital solutions allows us to optimize hiring processes for businesses of all sizes and sectors, including healthcare, education, finance, cyber security, federal, defense, technology, and manufacturing. This gives your organization a competitive edge in hiring, no matter what industry you serve.
When you partner with Hire Velocity, you’ll receive:
- Access to innovative hiring technology
- Faster hiring times
- Personalized MSP, VMS, RPO, professional search, and talent advisory solutions
- Scalability and flexibility
- Reduced hiring costs
- Streamlined recruitment processes
- Seasoned guidance from recruitment experts
MSP and VMS FAQs
What are managed services provider (MSP) recruitment solutions?
Managed services provider solutions are services third-party firms offer to help organizations manage their recruitment process more effectively. MSPs typically handle the end-to-end recruitment process, from sourcing and screening candidates to managing the entire hiring lifecycle, often for contingent or contract-based workers.
What types of recruitment services do MSPs provide?
- MSPs typically offer the following recruitment services:
- Candidate sourcing and talent acquisition
- Screening, interviewing, and assessment of candidates
- Vendor management
- Onboarding and compliance support
- Reporting and analytics on recruitment performance
- Temporary, contract, or permanent staffing solutions
- Payrolling and workforce management
What are the key benefits of using an MSP for recruitment?
- Streamlined process: MSPs centralize and simplify recruitment, reducing the time to fill positions.
- Cost savings: By consolidating recruitment efforts, MSPs often help organizations save on hiring costs.
- Access to top talent: MSPs use proven sourcing strategies and tools to find high-quality candidates.
- Improved compliance: MSPs ensure hiring practices align with legal requirements and industry standards.
- Data-driven insights: MSPs provide analytics and reporting to improve hiring strategies and decision-making.
What technology tools do MSPs use for recruitment?
- Applicant Tracking Systems (ATS) for managing candidate pipelines
- Candidate Relationship Management (CRM) software to engage with passive talent
- AI-driven sourcing tools to identify high-quality candidates quickly
- Interview scheduling and video conferencing platforms
- Data analytics tools for workforce planning and recruitment metrics
How do I know if an MSP recruitment solution is right for my organization?
To determine if an MSP is right for your organization, consider:
- The complexity and scale of your hiring needs
- Your current recruitment challenges
- Your budget and resources
- Your need for flexibility
What is a vendor management system (VMS)?
How does a VMS help with vendor performance management?
Industry Recognition & Awards
What Our Clients Are Saying:
In 18 days, we have hired 15 people, and we have an additional 6 people pending pre-employment with offers accepted. This volume is amazing! You are the best recruiters we have ever had for our region. I really appreciate everything that you have done and continue to help with. A huge thank you!
HR Manager, Southern Region
Human Resources Director
We’re so pleased with the results – closing positions left and right! The speed and efficiency at which Hire Velocity is working, not to mention the managers are seeing better quality candidates.
Vice President
Vice President of Human Resources
I have utilized recruiting firms over the years; however, the experience with Hire Velocity has been exceptional. I was impressed with the initial approach taken to understand our company, candidate profile and challenges. The attention to detail to our candidate profile is very evident based on the interview process. It is clear that you effectively highlighted our strengths as an organization, and the candidates are excited about the possibility of being selected to join our team. Thank you for all of your hard work and the professionalism you’ve demonstrated during the entire process.
Regional Manager
My experience with Hire Velocity has been exceptional. Their team quickly understood our hiring needs and consistently delivered high-quality candidates. They are responsive, proactive, and have streamlined our recruitment process, saving us time and resources. With their expertise and dedication, they’ve significantly improved our hiring efforts. I highly recommend Hire Velocity for any organization looking to enhance their recruitment strategy.
Talent Acquisition Manager
Franchise Owner
My experience with Hire Velocity has been nothing short of phenomenal. Their recruiter demonstrated unwavering dedication, professionalism, and commitment to meeting my recruitment goals. Thanks to their tireless efforts, we now have an excellent pool of drivers. Their expertise and proactive approach have made a significant impact, and I’m truly grateful for their support and guidance throughout the process.